Pilgrims Pride Correlations

PPC Stock

USD 49.23 2.70 5.20%

The current 90-days correlation between Pilgrims Pride Corp and Bellring Brands LLC is 0.08 (i.e., Significant diversification). The correlation of Pilgrims Pride is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Pilgrims Pride Correlation With Market

Significant diversification

The correlation between Pilgrims Pride Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pilgrims Pride Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pilgrims Pride Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Pilgrims Stock

0.69	K	Kellanova	Pair Corr
0.68	BJ	BJs Wholesale Club	Pair Corr
0.67	JZ	Jianzhi Education	Pair Corr
0.88	KO	Coca Cola	Pair Corr
0.78	KR	Kroger Company	Pair Corr
0.7	MO	Altria Group	Pair Corr
0.74	PG	Procter Gamble	Pair Corr
0.87	PM	Philip Morris Intern	Pair Corr
0.7	YI	111 Inc	Pair Corr
0.63	YQ	17 Education Technology	Pair Corr
0.71	DOLE	Dole PLC	Pair Corr
0.61	BRLSW	Borealis Foods	Pair Corr

Moving against Pilgrims Stock

0.75	FRPT	Freshpet	Pair Corr
0.71	EDBL	Edible Garden AG	Pair Corr
0.6	STKH	Steakholder Foods	Pair Corr
0.59	THS	Treehouse Foods	Pair Corr
0.59	BG	Bunge Limited	Pair Corr
0.49	GO	Grocery Outlet Holding	Pair Corr
0.46	LW	Lamb Weston Holdings	Pair Corr
0.45	EL	Estee Lauder Companies	Pair Corr
0.79	DTCK	Davis Commodities	Pair Corr
0.76	VITL	Vital Farms	Pair Corr
0.63	EEIQ	Elite Education Group	Pair Corr
0.59	DNUT	Krispy Kreme	Pair Corr
0.59	ADM	Archer Daniels Midland	Pair Corr
0.53	FAMI	Farmmi Inc	Pair Corr
0.51	FIZZ	National Beverage Corp	Pair Corr
0.47	VINE	Fresh Grapes LLC	Pair Corr
0.33	AQB	AquaBounty Technologies	Pair Corr
0.32	IMKTA	Ingles Markets	Pair Corr
0.32	FEDU	Four Seasons Education	Pair Corr

Related Correlations Analysis

	BRBR	THS	INGR	SJM	LANC	JBSS	SENEA	SENEB	NOMD	POST
BRBR		0.7	0.25	-0.47	-0.1	0.37	-0.66	-0.51	-0.62	-0.21	BRBR
THS	0.7		0.44	-0.4	-0.35	0.67	-0.79	-0.61	-0.79	-0.32	THS
INGR	0.25	0.44		0.33	-0.34	0.74	-0.2	-0.65	-0.39	0.2	INGR
SJM	-0.47	-0.4	0.33		0.39	-0.2	0.73	-0.04	0.58	0.77	SJM
LANC	-0.1	-0.35	-0.34	0.39		-0.54	0.56	0.05	0.61	0.65	LANC
JBSS	0.37	0.67	0.74	-0.2	-0.54		-0.55	-0.62	-0.77	-0.15	JBSS
SENEA	-0.66	-0.79	-0.2	0.73	0.56	-0.55		0.37	0.85	0.68	SENEA
SENEB	-0.51	-0.61	-0.65	-0.04	0.05	-0.62	0.37		0.51	-0.12	SENEB
NOMD	-0.62	-0.79	-0.39	0.58	0.61	-0.77	0.85	0.51		0.44	NOMD
POST	-0.21	-0.32	0.2	0.77	0.65	-0.15	0.68	-0.12	0.44		POST
	BRBR	THS	INGR	SJM	LANC	JBSS	SENEA	SENEB	NOMD	POST

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NOMD	+ 0.85	SENEA
POST	+ 0.77	SJM
JBSS	+ 0.74	INGR
SENEA	+ 0.73	SJM
THS	+ 0.7	BRBR
POST	+ 0.68	SENEA

High negative correlations

NOMD	- 0.79	THS
SENEA	- 0.79	THS
NOMD	- 0.77	JBSS
SENEA	- 0.66	BRBR
SENEB	- 0.65	INGR
SENEB	- 0.62	JBSS

Risk-Adjusted Indicators

There is a big difference between Pilgrims Stock performing well and Pilgrims Pride Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pilgrims Pride's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BRBR	1.54	(0.05)	0.00	(0.10)	0.00	0.00	3.09	(4.16)	10.54
THS	1.51	(0.36)	0.00	(0.78)	0.00	0.00	2.10	(3.65)	13.25
INGR	0.93	(0.13)	0.00	(0.55)	0.00	0.00	1.48	(2.02)	6.81
SJM	1.31	(0.02)	0.00	(0.22)	0.00	0.00	2.60	(2.83)	8.11
LANC	1.32	(0.12)	0.00	(0.23)	0.00	0.00	2.19	(2.73)	11.71
JBSS	1.33	(0.34)	0.00	(1.12)	0.00	0.00	2.11	(3.18)	13.09
SENEA	1.32	0.17	0.12	0.27	1.52	(1.42)	3.55	(2.43)	8.12
SENEB	1.96	0.67	0.24	1.41	1.45	(3.40)	7.46	(3.81)	18.07
NOMD	1.27	0.16	0.15	1.53	1.36	(1.43)	2.72	(2.27)	8.04
POST	1.00	(0.06)	0.00	(0.27)	0.00	0.00	1.73	(1.91)	8.75

Pilgrims Pride Corporate Management

Nick Robinson	Chief Masters	Profile
Lisa Burdick	Head Resources	Profile
Eduardo Noronha	Head Management	Profile
Joe Waldbusser	Head Purchasing	Profile
Laston Charriez	Head Marketing	Profile

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